News

2017-01-17 PennEnergy: Inpex lets subsea contract for Ichthys gas, LNG project

Inpex Australia has let a 5-year, subsea and geoscience services contract to Dutch multinational services firm Fugro NV for operations on Inpex’s Ichthys natural gas-LNG project in the Browse basin… includes field operations support, inspection, repair, and maintenance services.

2017-01-16 offshore technology:
Inpex installs subsea infrastructure at Australia's Ichthys Field

Inpex has announced the successful installation of subsea infrastructure and equipment that would extract gas and condensate from Ichthys Field in Browse Basin, offshore Australia... The network is spread across a 400km2 area of the Ichthys Field… The LNG project is now ready for the central processing facility and floating production, storage and offloading (FPSO) facilities, which are currently being developed in South Korea… The Ichthys LNG Project will assimilate advanced and biggest offshore facilities in the Western Australia with onshore processing units in the Northern Territory.

2017-01-16 Australian Financial Review: We need some fast answers on gas crisis

If the large-scale destruction of gas-intensive manufacturing in eastern Australia is to be averted and gas is to play the role of a transitional fuel in meeting Australia's Paris commitments, then governments, industry and unions will need to consider, as a matter of urgency, ways to make extra, reliable supplies of gas available… The third possibility is the construction of a pipeline from the Northern Territory to Moomba in South Australia, connecting NT gas reserves to the eastern Australian gas grid. Championed by Ian Macfarlane when he was industry minister, the 1000-kilometre pipeline between Alice Springs and Moomba could link the Browse Basin to eastern Australia. Since the federal government is considering a $1 billion concessionary loan from the Northern Australia Infrastructure Fund for a rail link from the Adani coalmine in Queensland, it might also consider a loan for the proposed pipeline.

2017-01 Territory Q: Verdant on verge of export boom

Phosphate could become one of the Territory’s main industries for generations. It is the key component of fertiliser, which is in increasing demand… Verdant Minerals hopes to start freighting rock phosphate from Central Australia north to Darwin on the AustralAsia railway and then shipping it to Asia in late 2019.

2017-01 Territory Q: Territory wins Training Hub

A major industry training centre is proposed for Darwin. The Australian Oil and Gas College (AOGC)… The wide range of skills training includes practical drilling and subsea. The AOGC is expected to be up and running in the second quarter of this year. Operations manager Dave Walker says Darwin was chosen because … “It’s perfectly placed in the north of Australia and on the doorstep of Asia… Darwin has a growing reputation as a gas focal point… On top of the lucrative offshore gas industry, there is also huge potential for onshore oil and gas exploration and extraction…" Similar colleges are to be opened in Aberdeen and Singapore.

2017-01 Territory Q: Defence to propel NT economy

The Federal Government plans to spend up to $10 billion in the Territory as part of the massive military build-up in northern Australia. The US Government will spend up to $2.5 billion…. Contracts include the multimillion-dollar resurfacing of runways at Darwin International Airport and Katherine’s Tindal air force base to handle the KC-10 refuelling tanker planes. “There are great opportunities for local business” says Chamber of Commerce Chief Executive Officer Greg Bicknell. He expects defence expenditure to begin at the beginning of the dry season.

2017-01 Territory Q: Australia’s National Critical Care and Trauma Response Centre

The innovation and capability of the NCCTRC was shared with more than 65 countries last month… at the Emergency Medical Team’s global meeting in Hong Kong… (This) followed the successful global verification of the Australian Medical Assistance Team (AUSMAT) in Darwin in October… AUSMAT joins Japan, Russia, China and Israel in being globally verified.

2017-01 Territory Q: Training Tradies to be the best

The tradies trained by the CDU School of Trades play a key role in the Territory’s economic development. The VET School of Trades statistics are impressive: it delivers 46 full qualifications and 16 short courses, and there are more than 4,000+ students enrolled, including 1,349 apprentices. The School of Trades has 75 lecturers.

2017-01-19 Economic Brief: Labour Force December 2016

Trend resident employment in the NT increased by 0.7% in December 2016. This was the highest increase of all jurisdictions. The NT’s trend unemployment rate was 3.6% in the month, the lowest of all jurisdictions. Trend participation rate was 76.2%, the highest of all jurisdictions.

2017-01-18 Economic Brief: Engineering Construction Activity Sept quarter 2016

In the year to September 2016, the value of engineering construction work commenced in the Territory increased by 6.9% to $935 million. This was the first year on year increase since the December quarter 2013.

2017-01-18 Economic Brief: Building Activity Sept quarter 2016

In the year to September 2016, non-residential building activity in the Territory increased by 6.1% to $761 million.

2017-01-18 Economic Brief: Sensis Business Index December 2016

Net balance business confidence level of Territory small and medium enterprises (SMEs) in their own business prospects over the next 12 months increased by 7 percentage points to +16%



Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

2017-01-11 NT News: What was 2016 really like for Territory industry?

The late rebound of the (property) market in 2016 will hopefully flow in to 2017…
The Territory’s cattlemen were optimistic at the start of 2016, for good reason. Of all the industries, they climbed high and hit a new peak during the year when they announced the local industry was worth $1 billion…
NT farming industry is valued at $244 million, with 97,500 tonnes from horticultural production and 80,000 tonnes from rain-fed hay production. Total estimated area of production is 8,800ha of irrigated horticultural crops, 20,000 ha of rain-fed hay production…
One of the major resource positives of 2016 was the settling of the Northern Gas Pipeline. Jemena became the successful bidder for the $800 million 622km Tennant Creek to Mt Isa in Queensland pipeline. This will create hundreds of jobs during construction and transport excess gas from Blacktip to the eastern seaboard…
Construction is built off foundations and the groundwork for the Defence sector had been put in place well in advance. The construction industry started pounding on Canberra’s doors in 2016, clamouring for work ahead of the Defence White Paper. Meanwhile, on the ground the $150 million Palmerston Regional Hospital, $300 million Gateway Shopping Centre and a $1.7 billion Government infrastructure spend kept things ticking over. Inpex continues to be a driver.
The high point came in the form of Landbridge Group. Having leased the Port of Darwin for 99 years for $506 million, it started to spend money on infrastructure development. A refrigerated container hardstand was begun. It was also the successful bidder for a luxury hotel and in 2017 will look at starting the $250 million project. It has flagged a $100 million ship terminal too.

2017-01-04 NT News: Darwin home prices start to climb again

CoreLogic’s latest home value index shows Darwin was Australia’s best performing capital city in the December quarter, with a 5.9% bump in home prices.

2017-01-02 NT News: Darwin’s hot property

Darwin house prices were among the fastest growing of any capital city in the nation during the past decade, new NT News analysis has revealed. An analysis of Real Estate Institute of Australia data showed Sydney house prices had the greatest surge, ballooning exactly 100%...
Melbourne houses were next best (up 94%), with Darwin’s third on 57%.

2016-12-28 LNG Industry: Inpex updates on Ichthys progress throughout 2016

John Bramley, Project Director, JKC Australia LNG, said that strong progress has been made this year across all scopes of work on the Ichthys Project Onshore LNG Facilities…
“In 2H16, the LNG project reached peak construction. In May 2016, the 18 non-cryogenic storage tanks were safely completed, and the last of 230 pre-fabricated modules arrived in September. Construction of the LNG trains is continuing with mechanical, piping, electrical and instrumentation works taking place… the permanent operations facilities are nearing completion. This signifies the beginning of the transition from construction to operations.”

2017-01-12 Platts:

New LNG projects to boost Australia's condensate production in 2017-18
Australian LNG production is set to double from 43M mt in 2016 to more than 80M mt in 2019, which would be even more than Qatar's estimated annual production of 77M mt, making it the largest producer of LNG, according to Platts Analytics. Three more LNG projects -- Wheatstone, Ichthys and Prelude -- are due to start up in 2017… Condensate production at Ichthys is expected to peak at 100,000 b/d, while Prelude and Gorgon are expected to peak at 36,000 b/d and 20,000 b/d, respectively.

2016-12-30 LNG World Shipping: 2017 brings new momentum to LNG shipping

Of the 5 world-scale liquefaction trains due to commence commercial operations in 2017, 4 are in Australia – Gorgon Trains 2/3, Ichthys T1 and Wheatstone T1. … Japan is the world’s largest LNG importer, accounting for 30% of global trade… Chinese LNG imports were on target for a 27% jump in 2016, to around 25Mt. Year-on-year shipments to India were 36% up by early November, expected to reach 20Mt for 2016…

2016-12-23 ABC Rural: global gas supplies grow

Head of Asia Pacific Gas & LNG research at consultants Wood Mackenzie, Kerrie-Anne Shanks… “We expect there to be around 260Mt of LNG produced globally in 2016… since 2014, 60Mt of new capacity has started operation, and a further 110Mt of capacity is under construction... We've had China importing record amounts of LNG and we've seen a lot of new markets emerge such as India and across South East Asia. And normally when countries import gas they continue to do so and they've already developed the necessary gas infrastructure and continue to use it.
We actually think the role of gas in the global fuel mix has constantly been increasing as countries look to more environmentally friendly fuels."

2016-12-21 Australian Mining: Santos offloads Mereenie stake to Macquarie

Santos will sell a 50% interest in the Mereenie oil and gas field in the NT to Macquarie Group, which will join Central Petroleum as owners of the asset.

2016-01-06 Australian Mining: Merlin Diamonds - 5th largest diamond

Merlin Diamonds has discovered a 35.26 carat brown diamond at the Merlin diamond mine in the Northern Territory, the 5th largest diamond unearthed in Australia.

2016-12-20 ABC Rural:

'Bonanza gold' shows up in Tennant Creek, mine projects on track for 2017

High grade gold has continued to show up on the Edna Beryl project in Tennant Creek, a joint campaign between Evolution Mining and Emmerson Resources Ltd… first ore is anticipated in 2017. Rob Bills, managing director of Emmerson Resources said the gold was very high quality.

2016-12-19 finfeed: Northern Minerals negotiates important EPC contract

Northern Minerals has followed up the MoU announced on November 23 with the negotiation of an engineering, procurement and construction (EPC) contract with Sinosteel Equipment and Engineering (MECC) for the delivery of the Browns Range pilot plant. Through the development of its Browns Range project, NTU is to be the 1st significant world producer of dysprosium outside of China… (an essential ingredient in the production of dysprosium neodymium iron-boron magnets used in clean energy and high technology solutions).

2017-01-13 Media Release: Confirming agricultural development ties with Japan

The Northern Territory and Japanese governments today signed a Memorandum of Cooperation which will maximise the access of Territory agri-businesses to the Japanese market. The historic agreement, involving the Japanese Ministry of Agriculture Forestry and Fisheries, will promote and progress research and development projects in agriculture and aquaculture in the NT while also developing supply-chain logistics into the Japanese and South-East Asian markets.

2017-01-11 NT News: NT cattle properties to remain in demand in 2017

Niche rural agricultural markets of Northern Australia should continue to attract global attention in 2017, according to director and principal of Tanami Rural Property Sue Brosnan (who) experienced a huge 2016 realising significant sales of pastoral and agricultural properties across the NT and WA. She sold 7 properties and more than 1.5 million hectares worth $144 million. “The pastoral market in the Northern Territory is continuing to be strong”.

2016-12-30 NT News: Gina Rinehart

She is the single largest private landholder in the Northern Territory, owns more than 1.5% of Australia’s total land area, and ended the year as one of the top 3 beef producers in the country with a herd of about 300,000 cattle… Ms Rinehart now has 21 stations, which include properties owned by her company Hancock Prospecting and Australian Outback Beef — the joint venture between Hancock and Shanghai CRED.

2016-12-19 Beef Central: Large shipment of breeders depart Darwin for Indonesia

A large shipment of heifers, believed to be the biggest single delivery of breeding cattle exported from Australia to Indonesia, will depart Darwin for Surabaya this week… 3,741 breeding cattle.

2017-01-11 ABC Rural: NT Buffalo Industry Council hopes 20,000 buffalo will eventually be processed or exported

Live exports of buffalo have been slowly increasing over the past few years, with 5,792 buffalo leaving Darwin Port in 2016… 3,981 buffalo went to Vietnam and 1,212 were exported to Malaysia. Late last year Australian Agricultural Company (AACo) began a commercial trial processing buffalo at its Livingstone abattoir, with the possibility of allocating one day per month to buffalo… "We are getting inquiries from the Middle East, China, and Vietnam."

2017-01-11 Sourceable: Employment Outlook

Project Managers are needed for defence related developments in the Northern Territory.

2017-01-03 NT News: F-35 build

Darwin and Katherine will play a key role in an Asia Pacific hub for the 72 joint strike fighters Australia is buying. Territory business is already reaping the rewards from Australia’s $17 billion commitment to the JSF program with millions of dollars being spent on major works at RAAF Base Tindal near Katherine…
The F-35A Lightning II aircraft will be based at Tindal and RAAF Base Williamtown, NSW. From time to time the F-35A will operate for short-term exercises, such as Operation Pitch Black, at RAAF Base Darwin. The first JSF aircraft will arrive in Australia in late 2018, with the complete fleet of 72 arriving by 2022.

2016-12-21 Media Release: CDU receives $16m Christmas present

Government had committed $1.9bn to R&D and training researchers in 2017, including more than $1bn through the Research Training Program which supports over 40,000 Masters and PhD students pa. CDU 2017 allocations: Research Support Program: $9,221,705 and Research Training Program: $6,965,956. (Total: $16,187,661).

2016-12-21 ABC Rural: Research continues into water infrastructure projects

CSIRO received $15 million from the Federal Government to go towards a Northern Australia Water Resource Assessment in the NT, Qld and WA. Top End component: work is being carried out on Finniss, Adelaide, Mary and Wildman river basins. The soil and water study into potential agricultural zones could play a big role in determining Darwin's future water supply.

2017-01-10 NT News: Visitor numbers to rise in Top End despite Wet

Top End is looking forward to a bumper Wet Season. with tourist numbers expected to be higher than in previous years. Cruise ships alone will bring in almost 37,000 throughout the Wet, more than half of the total passengers during the 2015/2016 financial year in 5 months. Last financial year, almost 62,500 people travelled to the Top End on cruises. “2015-16 was the busiest ever cruise season for the NT with 45 ship visits to Darwin plus five visits to remote Aboriginal communities at Yirrkala, and on Elcho and the Tiwi Islands.”

2017-01-04 NT News: A Territory love affair

Growth in domestic visitors to the Northern Territory boomed 17.5% (3.3% increase in Darwin).

2016-12-26 Newsport: Tourism Industry in Northern Australia

Federal Parliament’s Northern Australia Committee has commenced an Inquiry into Opportunities and Methods for Stimulating the Tourism Industry in Northern Australia… The Committee Chair, Hon Warren Entsch MP, said: “Tourism is an industry central to the economy of many parts of Northern Australia and has the ability to provide greater short and long term economic opportunities for communities across all regions.”

2016-12-21 NT News: Tourism kicking goals

Domestic tourists spend more time and money in the Northern Territory than any other state or territory, according to figures released today in the National Visitor Survey. The statistics show Australian visitors to the NT spent an average of 6 days and $1,373 here. That’s double the national average spend per person on domestic holidays, which is $668 per person. The average length of a domestic tourist’s stay nationally was 4 days.

2016-12-18 NT News: City told to brace for cruise boom

Ovation of the Seas, the biggest cruise ship Australia has seen, will spearhead a bumper start to 2017 with more than 30,000 cruising tourists stopping in Darwin in the first 3 months.

2017-01-10 Economic Brief: Retail Trade November 2016

NT reported the 3rd highest monthly growth in retail trade, equal to NSW and Victoria… In the year to Nov’16, retail spending in the Territory increased by 0.9% to $3.1 billion.

 

Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

12 O’Sullivan Circuit, East Arm NT 0822 +61 08 8943 7300 enquiries@ gwelodevelopments.com.au

Gwelo Developments has built a strong reputation in Darwin since 1975 and the company is well known and respected. Its developments have stood the test of time and been highly innovative and the Gwelo team is a strong team of long established professionals. Skills encompass a full range of construction and project management, commercial developments and residential design providing outstanding home owner, commercial, retail and investor options.

Newsletter

Enter your email to join our mailing list

captcha 

×
×